FY2026 EPS Estimates for AEM Decreased by Erste Group Bank

Key Points

• Erste Group Bank cut Agnico Eagle Mines’ FY2026 EPS estimate to $11.15 from $12.15, below the $11.58 analyst consensus, while forecasting FY2027 EPS of $12.50.
• Agnico Eagle’s latest quarterly results beat expectations, with EPS of $3.05 versus the $2.89 consensus. Revenue rose 35% year over year to $3.77 billion, while net margin reached 40.44%.
• Analyst sentiment remains positive overall, with 12 Buy ratings and five Holds producing a “Moderate Buy” consensus and an average price target of $227.15; institutional investors and hedge funds own 68.34% of the stock.

Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM - Research analysts at Erste Group Bank lowered their FY2026 EPS estimates for Agnico Eagle Mines in a report released on Friday, September 18th. Erste Group Bank analyst H. Engel now expects that the mining company will post earnings per share of $11.15 for the year, down from their previous forecast of $12.15. The consensus estimate for Agnico Eagle Mines' current full-year earnings is $11.58 per share. Erste Group Bank also issued estimates for Agnico Eagle Mines' FY2027 earnings at $12.50 EPS.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last announced its quarterly earnings data on Wednesday, July 29th. The mining company reported $3.05 earnings per share for the quarter, beating analysts' consensus estimates of $2.89 by $0.16. The business had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.78 billion. Agnico Eagle Mines had a net margin of 40.44% and a return on equity of 22.04%. The company's revenue was up 35.0% on a year-over-year basis. During the same period last year, the business earned $1.94 EPS.

Several other equities research analysts have also weighed in on AEM. JPMorgan Chase & Co. raised their target price on Agnico Eagle Mines from $175.00 to $179.00 and gave the stock a "neutral" rating in a research report on Monday, August 3rd. Scotia cut their price objective on shares of Agnico Eagle Mines from $280.00 to $278.00 and set a "sector outperform" rating on the stock in a report on Friday, July 3rd. Bank of America reduced their price objective on shares of Agnico Eagle Mines from $302.00 to $240.00 and set a "buy" rating for the company in a research report on Thursday, July 9th. Citigroup dropped their target price on shares of Agnico Eagle Mines from $256.00 to $200.00 and set a "buy" rating on the stock in a research report on Monday, July 27th. Finally, Zacks Research upgraded shares of Agnico Eagle Mines from a "strong sell" rating to a "hold" rating in a research note on Monday, September 7th. Twelve investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $227.15.

Agnico Eagle Mines Stock Down 0.9%

Shares of NYSE AEM opened at $197.77 on Tuesday. The company has a market capitalization of $100.25 billion, a price-to-earnings ratio of 16.92, a price-to-earnings-growth ratio of 2.48 and a beta of 0.67. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.86 and a quick ratio of 2.02. The business has a 50-day moving average of $180.41 and a two-hundred day moving average of $184.02. Agnico Eagle Mines has a 1 year low of $134.38 and a 1 year high of $255.24.

Hedge Funds Weigh In On Agnico Eagle Mines

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Deutsche Bank AG acquired a new stake in shares of Agnico Eagle Mines in the second quarter worth approximately $1,362,158,000. Norges Bank acquired a new position in shares of Agnico Eagle Mines during the fourth quarter worth $1,367,783,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Agnico Eagle Mines in the second quarter valued at $927,602,000. Bank of America Corp DE acquired a new stake in Agnico Eagle Mines during the 2nd quarter valued at $844,096,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in Agnico Eagle Mines during the 2nd quarter valued at $608,054,000. 68.34% of the stock is owned by institutional investors and hedge funds.

Agnico Eagle Mines Company Profile

Agnico Eagle Mines Limited is a Canadian-based gold mining company engaged in the exploration, development and production of gold and other mineral resources. The company's primary product is gold, with silver and other byproducts also recovered from certain operations. Its activities include operating mines, advancing development projects and conducting exploration to expand and replace mineral reserves.

Founded in 1957 through the merger of Agnico Mines and Eagle Mines, Agnico Eagle has grown into one of the world's major gold producers.

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